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Shares of Ascendant Group Ltd gained 3.1 per cent on the Bermuda Stock Exchange. The owner of Belco climbed 90 cents to close on $29.90 as 12,146 shares changed hands. Ascendant has agreed a $36-a-share deal to be taken over by Canadian firm Algonqui...

Bermuda could become the world’s leading global centre for life reinsurance, an industry leader told attendees at the PwC Insurance Summit. Frank (Chip) Gillis, chairman, Athene Life Re, said: “We’ve gone from a handful of companies to more than 48 c...

Bermuda will not become a more expensive domicile for captive insurers as a result of economic substance rules, the island’s leading financial-services regulator has assured. Jeremy Cox, executive chairman of the Bermuda Monetary Authority, said the ...

Sally Ker admits to being a little strict, as yoga teachers go. If she needs a piece of equipment while teaching, her students better make it snappy with their help. And she tries not to let students at The Club Yoga Centre in Paget get away with si...

Health and wellness company Fuelled Bermuda Ltd is to hold a launch party on Saturday for the organisation’s “Fit and Fuelled” 2020 calendar featuring 13 Bermudians or Bermuda residents. Featuring an individual monthly, and two people in February to ...

Mailboxes has announced the launch of a new website as part of its continuing modernisation drive. Kenny Thomson, president of Mailboxes, said the launch of www.mailboxes.bm was indicative of his desire to push technology to help make the company mor...

The United States Ambassador to the United Kingdom, Robert Wood Johnson, will speak on a panel at the Bermuda Business Development Agency’s Executive Forum in London this month. He will be joined on the panel by Sir Nicholas Soames, former UK defence...

HSBC has announced the introduction of an additional layer of security for its credit card holders. Customers who sign up for the “Credit Card Alert” programme receive personalised e-mail notifications whenever international, local and online credit ...

Declining electricity sales and the impact of Hurricane Humberto caused Ascendant Group Ltd’s earnings to fall in the third quarter. The parent company of power utility Belco also took a $2.8 million restructuring charge related to the sale of the co...

Shares of BF&M Ltd jumped $1, or 5 per cent, to $21 after 15,600 traded on The Royal Gazette/BSX Index. Ascendant Group Ltd shares were $1 lower, or 3.3 per cent, at $29 after 2,700 changed hands. There was also trading in 2,400 shares of One Communi...